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Miriam

Update on Miriam

With her previous Kiva loan, Miriam did many things, such as buying chairs, tables and a long list of wholesale ingredients such as rice, oils, grains and pastas, that allowed her to get special discounts. She sends a message of thanks to the Kiva lenders, and says "they allow the small entrepreneur to strengthen her business," so she asks to continue counting on them.

Presently the year-end holidays are approaching and with them an increase in her sales. Because of this she needs more supplies to make rice cakes or doughs, vegetables, and three meats which are cooked after being wrapped in heliconia leaves, which is the most representative product of these celebrations and that which generates the most revenue. This means that her new Kiva loan will once again be successful.
View original language description ↓
Con su anterior credikiva, Miriam hizo muchas cosas: como comprar sillas, mesas y una lista larga de insumos al por mayor, como arroz, aceite granos y pastas, que le permitieron ganar descuentos especiales. Ella envía un mensaje de agradecimiento a los finaciadores de Kiva, pues dice "le permiten al pequeño empresario fortalecer su negocio" por eso solicita seguir contando con ellos. En la actualidad se acercan las fiestas de fin de año y con ellas el aumento de sus ventas, por eso requiere tener inventarios de víveres, para elaborar pasteles o amasijos de arroz, verduras, tres carnes sometido a cocción una vez envueltos en hojas de bijao, que es el producto mas significativo en estas celebraciones y el que le genera una mayor utilidad, lo cual hace de su credikiva una inversión nuevamente exitosa.

Previous Loan Details

Miriam, 65, lives with her spouse and has two children aged 22 and 37 years respectively. She has a restaurant in the Chinquinquirá neighborhood of the city that she started 15 years ago selling soup and chicken with rice with just a cart that she’d set up in front of the doorway of a furnitur... More from Miriam's previous loan »

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Miriam to buy supplies in greater volume.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 9, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013
This photo was used before for a previous loan for Miriam. It was first posted on Kiva on Sep, 2011. Learn More